Expected to remain in place until after novembers election. Steve mnuchin says there are no side agreements ahead of the phase one China Signing today. Equities fall on concern that trade tensions arent over yet. That is a report suggests the u. S. Is drafting rules to block. Ore sales to huawei ubs embarks on a sweeping round of job cuts as Morgan Stanley promotes the fewest number of people to its top ranks since 2002. Goldman sachs reports later today. Just under an hour away from the start of cash trading. Lets take a look at what features are showing us. They are red arrows across the board. Not big in terms of side size. A few drops in dax and ftse futures. Futures, there. Are red arrows. Early on in the game, 7. 5 hours to go until the nys be brings its opening bell. We see s p, nasdaq, and down jones features down. What do you see . Anna something negative on the asian equity session. Asian equity markets headed to their first job in five sessions. Drop in five sessions. We see
Consumer prices beat forecasts. Shery shinzo abe faces yearend pressure. His popularity is sinking to its lowest in more than a year. Japan is coming online alongside the south korea as well. Lets get straight to the Market Action with sophie. Sophie. Sophie we are in the final stretch of 2019. Japanese stocks did manage to pull through on thursday. The topix with an eight day drop. The topix hitting ground along with the nikkei 225. Today, stocks are trading exdividend today. Lets check in on the open in seoul. We are seeing downside moves for the kospi. We will see what the index can crack 2200 points. Switching it now to check in on the mood in sydney, the asx 200 gaining some ground with gold miners among the biggest advancers. Resolute leading the pack, jumping 7. 5 percent earlier with spot gold on course for the best year since 2010. Jumping into the terminal, that momentum could make for a solid 2020 for gold as traders make attempts to carve out a higher trading range after bu
And the next bank of england governor is to be named later. Say fda head and you bailey is in pole position. Paul lets check on how we are doing in the markets. Australia just opened. We have a staggered open, so very much early days. Ever so slightly higher. New zealand continuing to build on record highs that it reached thursday, up. 5 right now. Nikkei futures looking kind of flat. We are of course waiting on numbers, cpi numbers for november, expecting to see a slight uptick mainly inspired by the sales tax. We also have futures just coming online, looking flat as well. Lets check in on the first word news and get over to jessica summers. Central banks made headlines with policymakers in swedenying on hold but swimming against the tide and ending half a decade of negative rates. Bank indonesia kept its key rate unchanged for a second straight month, saying the economy and exports will rebound in 2020. The boj also held as expected, with the governor echoing the more optimistic tone
Questions in the senate. The strain of the trade war. We will bring you an exclusive with the company ceo. Lets see how things are shaping up in the early part of the asian session. Not much of a guide to what happened on wall street overnight. Sentiment down after a report that the trade deal between the u. S. And china may not decide at aipac after all and that kind of took a dent out of the s p after seeing earlier record highs. The asx just going online. We are seeing a flat start to the trading day. Flat to the downside. New zealand seeing upside. A mixed picture when it comes to asia futures. We have the nikkei looking lower and the kospi pretty much flat we are looking at a mildly positive open. Well. D decision week as we are expecting a cut this week when it comes to december. Not so much certainty. We are also on bank of japan watch as well. Lets get you the first word news with gritted. With ritika gupta. Ritika lebanons Prime Minister has resigned. Demonstrators were attack
Haidi welcome to daybreak australia. I am haidi stroudwatts in sydney where markets have just come online. Annabelle i am Annabelle Droulers in hong kong and we are counting down to asias major market opens and the top stories this hour. Wall street shrugs of another harder than expected u. S. Inflation reading, the data doing little to alter bets that the fed will cut rates this year. Haidi japan is set to unveil which negotiations. Annabelle australias Wine Industry is cautiously optimistic amid reports that china has proposed lifting tariffs on the countrys wine. Kicking off with some breaking data, south korea releasing its jobless figures for the month of february. That reading has come in lower than what economists had been expecting. The reading is 2. 6 . We are below the postpandemic averageyear of 3. 3 sort of seen as the National Rate of unemployment at least by, our Bloomberg Economics team. Importantly, the reading of 2. 6 is below the average for economists and even the ra